The scheme of Sukanya Samriddhi Account came into effect via notification of Ministry of Finance. The notification details are Notification No. G.S.R.863(E) Dated 02.12.2014. Scheme will be governed by ‘Sukanya Samriddhi Account Rules, 2014
The account under this scheme a saving account can be opened by the parent or legal guardian of a girl child of less than 10 years of age (born on or after: 02-December-2003; For FY 2014-15) with a minimum deposit of 1,000/- in any post office or authorised branches of commercial bank
Partial withdrawal up to 50 % of the account balance is allowed to meet education expenses of the girl child till she attains 18 years of age
The account will remain operative for 21 years from the date of opening of the account or till marriage of the girl child
Under the scheme, an interest of 9.1% is provided on deposited amount which is tax free
Features
- Per girl child only single account is allowed. Parents can open this account for maximum two girl child. In case of twins this facility will be extended to third child
- Minimum deposit amount for this account is 1,000/- and maximum is ₹ 1,50,000/- per year
- Money to be deposited for 14 years in this account.
- Interest rate for this account is 9.1% per annum, calculated on yearly basis ,Yearly compounded.
- Passbook facility is available with Sukanya Samriddhi account.
- From FY 2015-16 the interest earned on account will be tax exempted. As per Finance Bill 2015-16.
- Birth certificate of girl child
- Address proof
- Identity proof
No comments:
Post a Comment